The city of Newark is trying out a new Innovative way to boost home ownership launching a six million dollar program that will help black and Latino residents specifically own property in the city the Urban League of Essex County will develop and sell 10 two family homes in the Fairmount neighborhood each home will include a unit for the buyer and an affordable rental unit that's to be used as a way to help offset the cost of owning the home the properties will be sold to low-income residents at below market prices and they'll get help with mortgage and financing options Newark says it's committing three quarters of a million dollars to the plan other funding comes from Wells Fargo and the national Community investment fund the hope is to begin transforming that community and give people a chance at Building Wealth support for the business report provided by Junior Achievement of New Jersey providing students with skills and knowledge to explore choose and Advance their career paths for a brighter future online at janj.org